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Retention and Incentive Agreement

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Title:

Retention and Incentive Agreement

Entities:

Date:

2003

Size:

Preview shows 1KB of 6KB total

Price:

$34

ID:

#974919

► Compensation ► Incentive ► Retention Incentive Agreements

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                                                                   EXHIBIT 10.27



                             BAYCORP HOLDINGS, LTD.



                        RETENTION AND INCENTIVE AGREEMENT

                        ---------------------------------



      This Agreement is made by and between BayCorp Holdings, Ltd., a Delaware

corporation with an address 15 Rye Street, Suite 100, Portsmouth, NH 03801-6805

(the "Company") and Frank W. Getman Jr., an individual with an address of 410

Richards Avenue, Portsmouth, NH 03801 (the "Employee" and together with the

Company, the "Parties") this 3rd day of December, 2001.



      WHEREAS, the Employee is an employee of the Company;



      WHEREAS, the Board of Directors of the Company adopted a Key Employee

Retention and Incentive Plan on October 22, 2001 (the "Plan") to provide

compensation incentives to key employees and the Board of Directors of the

Company; and



      WHEREAS, the Company and the Employee desire that in exchange for the

Employee's services to the Company in the course of his employment, the Company

grant to the Employee incentive and retention compensation as set forth in the

Plan.



      NOW THEREFORE, for good and valuable consideration, the receipt and

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